Tel Aviv Stock Exchange Weekly Review: 23-27 June 2013
Trading on the Tel-Aviv Stock Exchange (TASE) during the fourth week of June ended down for all stock indices; Primary market activity brisk as companies raise capital in equity and corporate debt offerings
TEL AVIV, Israel, June 27, 2013 /PRNewswire/ –
The TA-25 index decreased 1.8% over the week, bringing year-to-date increase to 0.3%.
The TA-100 index decreased 1.7% over the week, bringing year-to-date increase to 2.0%.
The TA-Com. index of communications companies stood out and increased 1.1% over the
week and bringing returns since the beginning of 2013 to 10.4%.
Four companies raised US $110 million this week in public share offerings, including
the real estate company, Amot Investments, which raised US $79 million.
Since the beginning of the year the private sector has raised US $0.9 billion equity,
with real estate companies accounting for 58% of the total raised.
Five companies raised US $120 million in public bond offerings this week. Since the
beginning of the year the business sector raised US $5.3 billion through bond offerings.
Real Estate companies stood out, raising 42% of the total.
This week the Ministry of Finance (MoF) floated US $0.5 billion government bonds in an
offering on the local market.
In total the Treasury raised US $9.4 billion in the first half of the year, as opposed
to US $21.3 billion in 2012
BOI Interest Rate
The Bank of Israel left the July 2013 interest rate unchanged at 1.25%, after twice
lowering the rate by 0.25% in May.
Composite State-of-the Economy Index
Figures released by the Bank of Israel indicate that the Composite
State-of-the-Economy index rose by 0.1% in May 2013, pointing to the continuation of the
WEEK YTD TA Bluetech-50 -1.0% -4.1% TA Banks -2.9% -1.3% TA Real Estate-15 -0.4% 13.3%
WEEK YTD Dollar/NIS 0.6% -2.3% Euro/NIS -0.9% -3.5%
Facts & Figures
The Tel-Aviv Stock Exchange features in May 2013:
- 521 companies listing equities (Ex. ETNs). - 452 index-tracking products. - 35 series of government bonds. - 80 Series of Institutional bonds. - 641 series of corporate bonds. - 1,245 mutual funds. - Market Cap. (US$ billions) - Equities - 173 - Government bonds - 127
Corporate bonds – 103
Established in September 1935, the Tel-Aviv Stock Exchange is Israel’s sole securities
exchange, offering an increasingly sophisticated range of products to investors, including
equity, corporate bonds, treasury bills and notes, index products and derivatives.
In recent years, TASE has enhanced its international presence, signing Memoranda of
Understanding with the London Stock Exchange, NASDAQ, NYSE-Euronext the Shanghai Stock
Exchange, and Toronto Stock Exchange.
For more information please contact:
Idit Yaaron or Orna Goren, TASE, +972(3)5677-405/6
Visit the Tel Aviv Stock Exchange’s Website: http://www.tase.co.il
SOURCE Tel-Aviv Stock Exchange (TASE)